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Startups are dramatically impacting modern society, and it is safe to say that they are shaping this new generation. Unlike larger organizations, these agile companies take much larger risks and give opportunities to unproven new visionaries in the hopes of bringing something great to the consumer. New startup launches are everywhere. They appear in developed and less developed countries with equal flare and enthusiasm in pursuing product and service perfection. The year 2015 was recognizable for the startup trend of 3D printing, the exaggerated usage of drones, and the ‘internet of things’. Some inventions were great while others had some issues. Competition and consumer expectation are demonstrably growing bigger and bigger each year. 2016 is expected to be a year of improving the services and products created last year, with that handing out some world-changing ideas. Let’s take a look at the trends we hope to see from startups in 2016.
Tech for Everyday Living
First on the list is the improved usage of Wearables in multiple industries. Consumers are showing great demand for wearables, and it is a seemingly addictive product niche. Almost 80% of the initial adopters of this technology consider the Wearables market to be a significant strategic asset to the future of their business. The spending on Wearables by previous consumers is expected to have a repurchase percentage of 90%. There are also new customers ready and willing to adopt and install them in their businesses as well. Even though Smart home devices were greeted with some skepticism, after additional adoption occurred, and people started actively using them and connecting every tech product in their home to it, the trust factor was developed. Along with Wearables, it is expected that in 2016 Smart homes adoption will hit full market penetration and will become commonplace for many families that desire progress and security in their lives. When you have already connected everything in your life to one system, the risk of having your personal information leak or hacked does increase. To fight this, many companies will work on developing privacy protection for potential consumers in order to meet their needs. This opens up an entirely new market for the cyber privacy business.
More Advanced Technology
The creation of Smart cities really started getting noticed in 2015. These systems allowed zones to be controlled through one, all-connecting system. The aspect of health is also a major focus. Digital health has exponentially grown. Some examples are faster sequencing of DNA, in depth clinical analysis, technological advancements, and online services for mental healthcare. A new movement took shape in the form of autonomous cars. Autonomous cars are becoming more and more popular as people are willing to accept them because of the many benefits they carry (safety, health, environment). This is still in its infancy and the software has many details that still need to be worked on. Even though it is a much more budget heavy endeavor, the space exploration segment of startups will have a significant role in 2016. Small developers are going to be the backbone for the leading two companies, SpaceX and BlueOrigin, in their quest for knowledge.
All things are moving in the tech-direction, and as more and more individuals bring their own ideas to the table, it is only expected that daily life will get better, easier and more innovative.